Report of the independent auditor on the summarised group financial statements

To the members of Multichoice
South Africa Holdings (Proprietary)
Limited

The summarised group financial
statements, which comprise the
summarised group statement of financial
position as at 31 March 2011, and the
summarised group statements of profit
and loss and cash flows for the year then
ended, and related notes, as set out here, are derived from the audited
group annual financial statements of
MultiChoice South Africa Holdings
(Proprietary) Limited for the year ended
31 March 2011. We expressed an
unmodified audit opinion on those group
annual financial statements in our report
dated 2 June 2011. Those group annual
financial statements, and the
summarised group financial statements,
do not reflect the effects of events that
occurred subsequent to the date of our
report on those group annual financial
statements.

The summarised group financial
statements do not contain all the
disclosures required by International
Financial Reporting Standards and in the
manner required by the Companies Act
No 61 of 1973, as amended. Reading
the summarised group financial
statements, therefore, is not a substitute
for reading the audited group annual
financial statements of MultiChoice
South Africa Holdings (Proprietary)
Limited.

Directors’ responsibility for the
summarised group financial
statements

The company’s directors are responsible
for the preparation of a summarised
version of the audited group annual
financial statements on the basis
described in the summarised notes to
the annual financial statements.

Auditor’s responsibility

Our responsibility is to express an
opinion on the summarised group
financial statements based on our
procedures, which were conducted in
accordance with International Standard
on Auditing (ISA) 810, “Engagements to
Report on Summary Financial
Statements.”

Opinion

In our opinion, the summarised group
financial statements derived from the
audited group annual financial
statements of MultiChoice South Africa
Holdings (Proprietary) Limited for the
year ended 31 March 2011 are
consistent, in all material respects, with
those group annual financial statements,
on the basis described in the
summarised notes to the annual financial
statements.